Meet the crypto enthusiast with a penchant for unraveling the intricacies of blockchain technology. With a nerdy passion for crypto that spans over five years
$OM Friends, Please don't spread false news OM team is there to clarify this fake news. Social media platform Telegram is also there.
OM CEO is publicly addressing the Issues. So please don't create panic, Just hold, Everything will be sorted out quickly. You can verify all things on official twitter account of the community.
Buying $OM now is like buying $SOL after it dropped to $8 on FTX worries.
“SOL will never recover” “SOL got rugpulled” “FTX inflated the prices of SOL, they are bankrupt, it’s impossible that price of SOL will recover” “Only crazy people are buying SOL now”
Some time later the price pumped back to $20 and few months later to $100 and eventually to $295.
“You were lucky to buy at $8”
Now look at the facts for OM. There is a lot of FUD but there was no actual rug pull. The team is still there, the investors are still there and all the work is still continuing. It’s a matter of time that OM will recover to its former price. That’s my opinion so I bought plenty. We will see in a few weeks.
According to PANews, a recent analysis by Glassnode reveals that $OM saw a sharp drop, falling below the $1 mark in a short span of time today. At 08:20 UTC, a significant transaction involving 38 million tokens—averaging $0.71 each—was moved to exchanges, pointing to either panic selling or arbitrage activity. During this downturn, the top 1% holders' share dropped from 96.4% to 95.6%, indicating that some major holders were offloading or liquidating their positions. Within just a few hours, the realized market value shrank by around $740 million. A spike in both token transfers and active wallet addresses highlights widespread market engagement. Notably, this wave of selling wasn’t triggered by early adopters but appears to be a broader, systemic market reaction.
4. MACD Indicator: The DIF line (0.3359) is above the DEA line (0.1603), suggesting bullish momentum.
5. Stochastic Indicator (KDJ):
K (76.9530) and J (89.4261) are in the overbought region, indicating a potential reversal or correction.
6. Volume: Increased buying pressure, but a possible sell-off may follow after a strong rally.
Hold or Sell?
If you are in profit and looking for a short-term exit, you might consider selling as the price is near the recent high, and indicators suggest possible overbought conditions.
If you are long-term bullish, holding may be a good option, as moving averages are trending upwards, indicating sustained growth. $OM #XRPETFIncoming?
Odaily reports that the New York Stock Exchange (NYSE) Arca has filed a 19b-4 document to convert Grayscale's XRP Trust into a spot Exchange-Traded Fund (ETF). The trust currently holds approximately $16.1 million in assets. This filing marks the second step in the two-part process of applying for a spot crypto ETF with the U.S. Securities and Exchange Commission (SEC). The 19b-4 submission seeks to amend existing rules to allow ETF trading. Once the SEC approves it, the document will be published in the Federal Register, officially initiating the approval process.
Odaily reports that the New York Stock Exchange (NYSE) Arca has filed a 19b-4 document to convert Grayscale's XRP Trust into a spot Exchange-Traded Fund (ETF). The trust currently holds approximately $16.1 million in assets. This filing marks the second step in the two-part process of applying for a spot crypto ETF with the U.S. Securities and Exchange Commission (SEC). The 19b-4 submission seeks to amend existing rules to allow ETF trading. Once the SEC approves it, the document will be published in the Federal Register, officially initiating the approval process.
Odaily reports that the New York Stock Exchange (NYSE) Arca has filed a 19b-4 document to convert Grayscale's XRP Trust into a spot Exchange-Traded Fund (ETF). The trust currently holds approximately $16.1 million in assets. This filing marks the second step in the two-part process of applying for a spot crypto ETF with the U.S. Securities and Exchange Commission (SEC). The 19b-4 submission seeks to amend existing rules to allow ETF trading. Once the SEC approves it, the document will be published in the Federal Register, officially initiating the approval process.
$BTC /USDT trading pair on a 4-hour timeframe. Here's the analysis based on the chart details:
Key Observations:
1. Price:
Current price: 96,866.12 USDT
24-hour High: 99,540.61 USDT
24-hour Low: 93,723.25 USDT
Price change: +3.13%
2. Moving Averages (MA):
MA(7): 97,652.44
MA(25): 100,498.09
MA(99): 100,578.06
The current price is below the short-term MA(7), mid-term MA(25), and long-term MA(99), indicating potential bearish sentiment in the medium term.
3. Indicators:
Stochastic RSI (K/D/J):
K=66.78, D=57.06, J=86.23
Stochastic levels suggest the price is nearing overbought conditions, which may indicate a potential short-term pullback.
MACD:
DIF: -1,532.09, DEA: -1,542.35, Histogram: 10.26
The histogram shows slight bullish momentum as the MACD is recovering from a bearish zone, but the DIF and DEA are still negative.
4. Volume:
24-hour BTC volume: 36,415.16 BTC
24-hour USDT volume: 3.54B USDT
Volume spikes suggest high activity at certain price levels, particularly near the support at 90,500.00.
5. Support and Resistance Levels:
Support: 90,500.00 (recent low)
Resistance: 99,540.61 (24-hour high) and 102,699.55 (previous high)
Possible Scenarios:
Bullish Scenario: If the price holds above the current level and breaks above the MA(7) at 97,652.44, a retest of the resistance near 99,540.61 could occur. A breakout above this level might lead to further upside toward 102,699.55.
Bearish Scenario: A drop below 96,000.00 could see BTC retest the critical support at 90,500.00.
Trading Recommendation:
1. Short-Term:
Watch for a breakout above 97,652.44 or a breakdown below 96,000.00.
Consider entering long positions above 97,652.44 with a target near 99,540.61.
Short positions may be considered if the price falls below 96,000.00, targeting 93,723.25 or lower.
2. Indicators to Watch:
MACD: Look for crossover into positive territory for confirmation of bullish momentum.
Stochastic RSI: Monitor overbought/oversold zones to anticipate potential reversals.$BTC #BTCNextMove
W/USDT trading pair on a 4-hour timeframe, as shown on the Binance Key Observations:
1. Price:
Current price: 0.2726 USDT
24-hour High: 0.2997 USDT
24-hour Low: 0.2490 USDT
Price change: +8.26%
2. Moving Averages (MA):
MA(7): 0.2805
MA(25): 0.2897
MA(99): 0.3347
Current price is slightly below the MA(7) and MA(25), which suggests a potential short-term correction.
3. Indicators:
Stochastic RSI (K/D/J): K=70.40, D=65.61, J=80.00
The stochastic values suggest the asset is entering overbought territory, which might indicate a potential reversal or consolidation in the short term.
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ME/USDT pair on the Bitget platform, showing a staggering increase of over 20,625.20% in a single day. 1. Price Movement:
Opening price: $0.0250
Peak price: $18.2922
Current price: $5.18
2. Volume:
Significant trading volume is evident, with 7.69 million ME traded in the last 24 hours and a 24h turnover of $51.54 million. This reflects massive market activity, likely caused by major news, announcements, or speculative trading.
3. Candlestick:
The candlestick indicates an extreme upward wick (indicating a high at $18.2922) but closes far lower at $5.18. This suggests significant profit-taking or price rejection at higher levels.
4. Volatility:
The extreme percentage gain and sharp price drop signify speculative activity, possibly influenced by low liquidity, a pump-and-dump event, or major news impacting the asset.
5. Caution:
Sudden gains of this magnitude are often unsustainable. Price may be prone to sharp corrections.
6. Recommendation:
For traders, employing stop-losses and reducing exposure to such volatility is crucial. For long-term investors, analyzing the project's fundamentals (Magic Eden in this case) and understanding the reason for this surge is essential before committing funds. #me $ME